🔥 The $SHIB burn portal is LIVE.
— MILKSHAKE (@shibainuart) April 23, 2022
Visit: https://t.co/0xsdGCfnpN
Burn $SHIB, reduce its circulating supply, and generate passive income while doing so!
Now ShibArmy can burn SHIB through a more centralized area,
the burn portal.
“By removing SHIB from the supply, holders hope this
increased scarcity will eventually drive up the price.”-- MILKSHAKE
The burn portal is hosted on the ShibaSwap. It lets SHIB holders send their SHIB tokens to a burn (dead) wallet address to remove the tokens out of circulation. Many other token holders can also swap their token to SHIB and burn it via the portal. Burners will be rewarded with Ryoshi rewards based on the percentage they contributed to the burn pool. Since the burn portal’s launch, over 350 million SHIBs were burned.
Woof!
— Shib (@Shibtoken) April 25, 2022
In the first 24 hours over 8 BILLION $SHIB was burned through the SHIB Burn Portal!
🔥Burn $SHIB and earn passive income at https://t.co/jSnPG8SEoF!
IMPORTANT: Read disclaimer at https://t.co/D91bVoMUtz pic.twitter.com/GmhxNdZAvi
Burners will also collect passive income rewards. For example, burners will be able to collect 0.49% of Royoshi transactions. Other token system will also be able to use the burn contract and allow burners to collect their own token rewards. Many SHIB holders see this burn portal as a great transparent way to burn SHIB and stop scammers or exploiters from exploiting the SHIB burn movement.
To get started with burning SHIB via the burn portal, please
visit SHIBASWAP
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